Term Deposits
A term deposit, also known as a Guaranteed Investment Certificate (GIC), allows you to invest your money for a set period of time and earn a guaranteed rate of interest. Unlike investments tied to the stock market, your original deposit and earned interest are protected.
Is a Term Deposit Right for You?
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A Term Deposit may be a good fit if you:
- Have money you won't need right away
- Are saving for a future purchase or goal
- Want guaranteed growth with no market risk
- Prefer knowing exactly what you'll earn
- Are you looking for a low-risk investment option
Why Choose a Term Deposit?
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- Guaranteed Returns | Know exactly what your investment will earn from day one.
- Safe & Secure | Your deposit and earned interest are protected. Alberta credit union deposits are 100% guaranteed through the Credit Union Deposit Guarantee Corporation.
- Flexible Terms | Choose from cashable and non-redeemable options with terms from one to five years.
- Registered or Non-Registered | Available with RRSPs, TFSAs, FHSAs, and other investment plans.
Ways to Invest
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- Cashable Term Deposits - Need flexibility? Access your money after 30 days while still earning interest.
- Non-Redeemable Term Deposits - Lock in your funds for a fixed term and typically earn a higher rate of return.
- Registered Term Deposits - Hold your term deposit inside a TFSA, RRSP, FHSA, or RRIF to align with your savings goals.
Let's discover which options will help you achieve your financial goals?
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Meet Ashton.
Local support ready to help you set up your financial future.
Local support ready to help you set up your financial future.
Credit Union Deposit Guarantee Corporation (CUDGC)
Deposits held in Alberta credit unions are fully guaranteed. There is no limit to the size of the deposit covered by the guarantee - this means both the money you put in and the interest earned is safe and secure up to any dollar amount!
